Activation Banking Evaluation Insurance 
LogisManager
MAY 9, 2023
Silicon Valley Bank (SVB) Failures in Risk Management: Why ERM vs GRC By Steven Minsky | May 5, 2023 Silicon Valley Bank (SVB) was closed by regulators and reminded us of the recession associated with Lehman Brothers and Washington Mutual Bank in 2008.
Risk Management Monitor
MARCH 4, 2022
Cyberrisk has also drawn considerable concern and the threat landscape continues to evolve rapidly, though the details of increased cyberattack activity are not yet fully known and may be largely unfolding below the surface right now. Evaluate and if possible, test your business continuity plans. Check it out here: [link].
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Advancing Analytics
MAY 23, 2022
Unlocking mobile devices through facial images, authorising payments through facial recognition when using mobile banking, using Google lens to translate content in real-time, and unlocking the front door using facial recognition are examples of computer vision in action. Source: isurancejournal.com.
Reciprocity
AUGUST 15, 2022
The Federal Deposit Insurance Corp. In banking, for example, the FDIC, the Office of the Comptroller of the Currency (OCC), or the Consumer Financial Protection Bureau (CFPB) are stringent regulators that can impose high fines for compliance issues. The compliance program ties together several components of compliance activities.
Fusion Risk Management
SEPTEMBER 12, 2022
Your customer may ask you to meet a specific SLA in the event of a data breach so that they can activate their incident management processes . Your customer may be subject to third-party outsourcing requirements by their own regulators , like the European Banking Authority’s Outsourcing Requirements , and they may ask to sign an addendum
Advancing Analytics
APRIL 26, 2023
The most common type of fraud in the UK is financial fraud, which includes credit card, insurance, tax, and loan application fraud among others. For example, a rule-based system for a bank would include rules like “if the available balance is less than withdrawal amount, reject withdrawal”.
Reciprocity
MARCH 24, 2022
Internal fraudsters might engage in fraudulent activity for years by taking advantage of their “trusted insider” status. Without a robust control environment, fraudsters can exploit a weakness or take advantage of their position or influence to commit a fraudulent activity. Fraud is often difficult to detect.
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